UK stocks open 0.7% higher as May pushes Brexit deal
Source - SMW
UK stocks opened higher on Monday as Theresa May scrambled to drum up support for her Brexit deal and investors braced for a key US interest rate decision by the Fed due Wednesday.
At 0859, the FTSE 100 was up 47.48 points, or 0.7%, at 7.275.76.
Shore retailer Footasylum jumped 74% after it agreed to be acquired by JD Sports for about £90.1m. JD Sports shares edged up 0.1%.
Office services provider Restore rallied 6.0% after its annual profit more than doubled, supported by strong sales at its document management business.
Astrazeneca gained 0.7% as its potential new treatment for lung disease was granted orphan drug designation by US regulators.
Domino's Pizza rose 2.1% as it played down reports of a dispute with its franchisees.
Martin Sorrel's newly-formed public relations company S4 Capital gained 0.4%, despite booking a loss, as its underlying earnings improved.
Services supplier Serco gained 1.2%, having won a contract from the government of South Australia state to operate and manage a remand centre for its department of correctional services.
Russian warehouse property investor Raven Property dropped 1.1% as it swung to an annual loss, pinned on adverse currency movements.
Antibiotics developer Motif Bio shed 1.6% on news chairman Richard C. E. Morgan had suddenly resigned to focus on other business commitments.
Electronic systems developer PipeHawk fell 2.2% as it posted a first-half loss, owing to higher staff costs and other expenses.